The share price of Spain's largest fishing company, Pescanova SA, also known as the 'old' Pescanova, rose 7.8 percent on Friday to €0.60 ($0.72) after announcing a strategic plan to resume commercial activities in South America.

The company intends to cease holding "mere ownership" in Nueva Pescanova, by launching a seafood distribution network in Bolivia, according to a document submitted to the National Securities Market Commission (CNMV).